Suppose Kate's Great Crete (KGC) has annual variable costs of VC = 30Q + 0.0025Q2 and marginal costs of MC = 30 + 0.005Q, where Q is the number of cubic yards of concrete it produces per year. In addition, it has an avoidable fixed cost of $50,000 per year. KGC's demand function is Qd = 20,000 - 400P. What is KGC's total cost function?
A. TC = 50,030 + 30.005Q + 0.0025Q2
B. TC = 50,000 + 50Q - 0.0025Q2
C. TC = 20,000 - 400P
D. TC = 50,000 + 30Q + 0.0025Q2
D. TC = 50,000 + 30Q + 0.0025Q2
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Fill in the blank(s) with the appropriate word.